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A little more profitable on the farm in May

Wisconsin Organic Farm

The Index of Prices Received by Farmers in May was 3.9 percent above April.  The Livestock Index increased 5.2 percent thanks to higher prices for eggs, broilers and hogs.  The Crop Index was 1.1 percent higher due to fruit and tree nuts.

The May corn price averaged $3.62 per bushel down 13 cents from April.  Soybeans were a dime lower at $9.60 per bushel.  All wheat averaged $5.33 down 23 cents and all hay was up $2 at $175 per ton.  Alfalfa was $8 higher at $192 per ton ranging from $82 in North Dakota to $230 in Arizona.

Beef cattle averaged $160 per hundredweight in May down $2 from April.  Hogs increased $9.90 to average $58.90 per hundredweight.  The all milk price increased 20 cents to $16.70 per hundredweight.  The May Milk-to-Feed ratio is 1.96, unchanged from April.  Eggs jumped 73.8 cents to $1.61 per dozen, broilers were a penny higher at 65 cents and turkeys were up 5.7 cents to average 76 cents.  The May Market Egg-to-Feed ratio; pounds of laying feed equal in value to a dozen eggs jumped from 9.6 in April to 18.2 in May.

The Index of Prices Paid by Farmers in May is 0.9 percent lower.  Higher prices for nitrogen, diesel, gasoline and mixed fertilizer were more than offset by lower prices for complete feeds, concentrates, supplements and LP gas.

Compared to a year ago, the Prices Received by Farmers are down 7 percent while the Prices Paid by Farmers are 3.5 percent lower than May of 2014.

 

 

 

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